Notes on the Circulating Medium of Philadelphia and Great Britain
Nov. 11. 1792. Blodget’s calculation of the circulating medium of Philadelphia.
this amounts to 60 D. each (of paper) for every inhabitant.
and the bank of the U.S. draws 10. pr. Cent per ann. profit from that.
|the circulating cash of Gr. Br. is||about||20. millns. £ sterl.|
|the circulating paper||about||30|
|= 225,000,000 Doll.|
which is about 28. Doll. a head on the populn of Gr. Britn.
MS (DLC); entirely in TJ’s hand; written on the same sheet as TJ’s first 11 Nov. 1792 “Anas” entry, the verso of which contains “Anas” entries for [18–19] and 19 Nov. 1792; recorded in SJPL. Included in the “Anas.”